Shares of Swatch watches fell by 14% at the opening of trading on Friday. It happened after the company warned that profits in the first half of the year will be 50-60% less than a year ago. In fact, the true reason is quite simple: sales of luxury watches are falling. In 2015, exports from Switzerland fell for the first time since 2009, dropping by 11.1% compared to last year in April, according...

The corporation is suspected that setting limits on advertising opportunities of partner companies. Thursday, July 14, The European Commission has brought to Google new claims relating to promotional activities of the corporation. The idea is that the company, using a dominant position in online search, is limiting opportunities of partner companies to place advertisements of Google’s...

Market capitalization of Amazon online retailer got ahead of Warren Buffett's Investment Corporation Berkshire Hathaway. When trades were closed on July 11, Amazon's capitalization was $ 355.7 billion, while Berkshire Hathaway’s - $ 354.9 billion. The publication notes that Amazon’s quotes have been constantly increasing and updating the historical highs from mid-May. The most expensive company...

US Federal regulators have banned Elizabeth Holmes, founder and CEO of Theranos startup medical, from heading blood tests laboratories, or owning them. Above that, the regulators revoked license of Theranos Laboratory in California. The organization will no longer be get subsidies within the state programs for indigent and seniors Medicare and Medicaid. The regulator, Centers for Medicare and...

French company Danone, the world's largest yogurt maker, announced its intention to acquire US producer of organic products WhiteWave Foods priced at $ 56.25 per share in cash. The amount of the transaction includes WhiteWave’s debt amounted to $ 12.5 billion, according to Danone’s report. It is reported that the transaction has been unanimously approved by boards of directors of both companies....

International mining group Rio Tinto intends to sell its stake in Australian coal mine for a symbolic sum of one Australian dollar. The buyer will also receive 80 million Australian dollars to restore the facility. British-Australian group Rio Tinto is going sell its stake in a closed coal mine for $1 Australian dollar ($ 0.75). The company has already confirmed the talks on this issue with...

Brazilian court has blocked 19.5 million reais ($ 6.07 million) on the Facebook account. The reason was the fact that WhatsApp service owned by the social network refused to grant access to messages of drug traffickers, according to G1. Over the past five months, WhatsApp has accumulated fines of $ 6 million. The messenger does not have an account in Brazil, so the court blocked Facebook’s...

The Fed opposes plans of capital allocation proposed by Deutsche Bank Trust and American Santander. This means that the banks cannot issue dividends or buy backs unless they accept the new plan, the Fed said in a statement. Moreover, regulators require that Morgan Stanley bank provided a new investment plan by the end of the IV quarter of 2016. Yet, they said they do not object the capital...

The competition authority of the European Union said it would hold a thorough check regarding intention of German chemical concern Bayer AG to buy the US company Monsanto, maker of herbicides and seed crops, for $ 62 billion. The statement was made unusually early, even before the EU has received official notification of the transaction. "Our final decision (on the Bayer-Monsanto transaction)...